City Investors Circle – London
The Market Review for May 2020 has just been published.
It features comment about where markets are currently, and where they may go, details of new stocks to be covered, and news from the companies we follow.
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Kootenay Silver Inc. (TSXV: KTN)
Announced assay results from an additional four holes at the Columba high-grade silver project, located in Chihuahua State, Mexico.
Highlights included 197 gpt silver over 3.6 meters within 124 gpt silver over 7.0 meters . Continue reading
Wesdome Gold Mines Ltd. {TSX: WDO}
Released positive results from the independent PEA prepared in accordance with National Instrument 43-101 at its 100-per-cent-owned Kiena complex in Val d’Or, Quebec. Canada. Continue reading
Tinka Resources {TSX.V: TK}
Released an updated corporate presentation.
Tinka are exploring and developing the Ayawilca Silver, zinc, lead project in northern Peru. To view the new presentation, Continue reading
Neometals {ASX: NMT}
Announced a substantial increase in the nickel resource at Mt. Edwards.
Mineral Resources at the Mt Edwards project increased to 8.38 million tonnes at 1.7% nickel for 141,000 tonnes of contained nickel across 11 deposits.
Cartier Resources {TSX.V: ECR}.
Has drilled values of 20.8 grams per tonne gold over 4.0 metres included within 9.4 g/t Au over 11.0 m, also included within 6.7 g/t Au over 16.0 m, intersected at a distance of 500 m below the new zones 5B4-5M4-5NE of the Chimo mine property, located 45 kilometres east of Val d’Or. Continue reading
Colonial Coal {TSX.V: CAD}
Colonial Participated in the 121 Mining Forum held last week, and the price has soared, up by 75% in five trading days. No news has been released by the company.
This looks like institutions and investors buying in after becoming aware of the undervaluation of the company, give their near 800 million tons of premium quality coking coal resource, in B.C., Canada. Continue reading
Mining news – Sunday roundup
Base metals were the story of this week as the world starts to unwind the lockdown and factories commence production again. Copper stocks in Shanghai were 15.8% lower week on week, with zinc 4.1% lower.
Colonial Coal (TSX.V: CAD) has virtually doubled in a week as coking coal prices rise, as industrial demand increases, on the back of anticipated stimulus programs.
Precious metals trod water, with gold and silver slightly down, and platinum up. Continue reading
Uranium Energy Corp. {NYSE: UEC}
H.C. Wainwright has issued a new broker note for UEC with a “buy” recommendation, and a target price of $3.50 per share
Currently UEC trades around $1.10 per share. To read the new note Continue reading
Fosterville South Exploration Ltd. {TSX: FSX}
Has expanded its portfolio of high-quality gold projects with the consolidation and acquisition of the 547-square-kilometre Walhalla Belt project in Victoria, Australia.
The Walhalla Belt Project has been consolidated by Fosterville South into a major 547 sq km land package, with total recorded historic hard rock gold production from the project of 1,510,309 ounces of gold at a recovered grade of 33.59 g/t gold. The project has sozens of high priority exploration targets including former mines, most with no modern drilling. Continue reading
Minera IRL {CSE: MIRL}
Have indicated that they will resume talks with COFIDE in Peru once the covid-19 lockdown has eased, in an effort to resolve the funding issues regarding their Ollachea Gold Project.
The project is shovel ready with permits in place, the final piece of the jigsaw is the resolution of the $140 million capex funding issue. Continue reading
Kootenay Silver Inc. {TSX.V: KTN}
Released assay results from the first six of 10 holes completed to date as part of its 2020 drill program at the high-grade Columba silver project, located in Chihuahua state, Mexico. These holes tested the F vein structure along 400 metres of strike length. Continue reading
121 Mining Conference – London
Due to the covid-19 virus this year’s 121 London Mining Conference has gone online only, using Zoom to connect delegates and corporates.
I suspect it will lack engagement, but does use technology too circumvent the issues thrown up by travel bans and social distancing. Continue reading
Wesdome Gold Mines {TSX.V: WDO}
Released drill results from their Kiena gold mine complex in Val d’Or, Quebec.
The highlights include 3 metres of 108.2 g/t gold, 5.2 metres of 47.8 g/t gold and 12.4 metres of 41.3 g/t gold. Continue reading
Mining news – Sunday roundup
The story of the week is of course the soaring price of gold, now trading around $1,735 as investors look for stability in a volatile stock, bond, and interest rate marketplace.
Trump is helping gold by looking for negative US interest rates, though I’m not sure they will actually happen.
Other news includes the total recovery from the covid virus of the Tinka Resources employee that caught it, and news that Radisson and Cartier are resuming exploration, with social distancing being a cornerstone safety feature. Continue reading
Strongbow Exploration {TSX.V: SBW}
Independent director Donald Njegovan increased his shareholding by 100% by buying stock in the market.
Njegovaan invested CAD$64,000, purchasing 100,000 shares. Continue reading
Tyranna Resources {ASX: TYX}
Have received a fully funded $1.3 million offer from Marmota (ASX: MAU) to acquire the Jumbuck Gold Project, which is immediately adjacent to Marmatas’ ground in South Australia. Continue reading
Fosterville South {TSX.V: FSX}
Confirmed that the TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced April 28, 2020, and April 29, 2020.
Number of shares: 13,636,360 shares, at $1.10 per share, with 6,818,180 share purchase warrants valid for 2 years at $1.10. Continue reading
ORLA MINING LTD. (TSX: OLA)
Announced the voting results for the election of its Board of Directors, which took place at the Company’s Annual and Special Meeting of Shareholders (“AGM”) held today.
All nominees as set forth in the Company’s management information circular dated April 2, 2020 (“Circular”) were elected as directors of Orla at the AGM. Continue reading
ZEN Graphene Solutions Ltd. (TSX.V: ZEN)
Updated the market on various corporate activities and agreements.
These included a two year extension for 655,848 warrants at 55c per share, issued circa 163,000 shares in lieu of payments to two companies, and Issued 740,000 stock options to management at 40c per share for 5 years. Continue reading
